Sensex, Nifty close at record highs on Q1 earnings show : Bulletin: Business Today
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Mkt closes at record highs on Q1 earnings show

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July 27, 2018

Benchmark Sensex finished above the 37,000-mark for the first time, while the NSE Nifty too breached the historic 11,200-level today on widespread buying led by consumption and capital goods stocks.

The BSE Sensex vaulted over 352 points today to wrap up a stellar week -- during which it finished at fresh lifetime highs for each of the five trading sessions.

Barring the BSE IT index, all other sectoral indices ended in the green.

ITC was the top gainer in the Sensex pack, surging 5.24 per cent, after it posted a 10 per cent increase in standalone net profit for the June quarter. ITC went past FMCG major Hindustan Unilever to become the country's fourth most valued firm in terms of market valuation.

Better-than-expected quarterly earnings by select index heavyweights, easing of US-EU trade tensions and firm foreign capital inflows ensured that investor sentiment remains skewed towards equities, brokers said.

The Sensex finally settled at 37,336, up 352 points, or 0.95 per cent-breaching its previous closing record of 36,984.64 reached yesterday.

Meanwhile, the NSE Nifty touched a new intra-day high of 11,283.40, before closing at a record 11,278.35 -- showing a gain of 111.05 points, or 0.99 per cent. Market breadth was positive with 1,665 stocks closing higher compared to 970 ending in the red on BSE.
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